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Finland: Slow decline of social state
  • Ministry of Employment and the Economy has forecasted that next year the number of people who have been without work for more than one year will rise to nearly 140,000, representing close to 40 percent of all unemployed.

    The aim of the Competitiveness Pact is to improve the price-competitiveness of Finnish companies and to boost exports and employment. The Pact extends annual working time by 24 hours, cuts holiday bonuses in the public sector and reduces the employer's social security contributions while transferring part of this for payment by employees. As part of the Pact, existing pay settlements will continue to 2017 without any pay increases.

    It won't be any end of this process, as true competitive nation must compete with Africa and poor Asian countries, you just need to boil the frog slow and always assure her that it is in her best interest to be cooked, err, competitive.

  • 3 Replies sorted by
  • Finland is failed state.

  • Wha was the source of this @Vitaliy?

  • @MirrorMan

    Official Finland guys.